Nebraska Retainage Requirements
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10% Retainage Limit
Retainage cannot exceed 10%.
45 Day Pay Period
Owners must release retainage to their contractor within 45 days after substantial completion of the project or a portion of the project. Contractors must release retainage to subcontractors within 10 days of the owner releasing retainage to the contractor.
There's No Process to Recover
No specific notice required, but contractor must submit payment request to owner
Not Held In Escrow
In Nebraska, contractors and owners do not need to hold retainage funds in a separate escrow account.
Retainage Amount
Not Regulated by State Law
Pay Period
Not Regulated by State Law
There's No Process to Recover
N/A
Retainage serves two general purposes: (1) To provide an incentive to the contractor or subcontractor to complete the project; and (2) To give the owner some protection against problems like liens, contractual defaults, delays, and more. In most states, laws exist to regulate how the parties use the retainage concept, mostly protecting some parties against abuse of the tool from others. The following are resources, legal information, and frequently asked questions about Nebraska’s retainage requirements. The Nebraska retainage statutes are reproduced below on this page.
